Midday update for GBPUSD 30-08-2018
Economies.com
2018-08-30 09:48AM UTC
The GBPUSD pair shows some slight bearish bias after testing the intraday bullish channel’s resistance that appears on the chart, on its way for a potential test to the support base formed above 1.2963, reminding you that the price needs to hold above this level to continue the bullish trend for the rest of the day, which targets 1.3226 level mainly.
We should note that breaking 1.2963 will put the price under negative pressure that targets 1.2880 followed by 1.2800 levels before any new attempt to rise.
Expected trading range for today is between 1.2963 support and 1.3130 resistance.
Expected trend for today: Bullish
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